Fitch Downgrades Puerto Rico General Obligation Bonds

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Maria Armental Fitch Ratings on Wednesday cut the rating of Puerto Rico's general-obligation bonds one notch, deeper into junk territory, citing the country's outstanding debt and unfunded pensions. The downgrade follows earlier rating cuts from Moody's Investors Service and ...

China Exports Up 7.2% in June

TODAY: July 10, 2014 PUB DATE: July 10, 2014

BEIJING--Exports from China rose 7.2% year over year in June, data from the General Administration of Customs showed Thursday. Growth was slightly faster than May's 7.0% increase but below a median forecast of 10.0% growth in a poll of 21 ...

Bank of Korea Keeps Base Rate Unchanged At 2.5%

TODAY: July 10, 2014 PUB DATE: July 10, 2014

SEOUL--South Korea's central bank on Thursday kept its benchmark interest rate steady at 2.5% as widely expected. The decision to stand pat for the 14th consecutive month comes as a slower-than-expected pace of recovery has lowered market anticipation of a ...

Malaysia June Palm Oil Production, Ending Stocks Down; Exports Up

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Huileng Tan SINGAPORE--Malaysia's June palm oil production fell 5.3% from a month ago to 1.57 million metric tons, with end-month stocks also falling 10% from May to 1.66 million tons, the Malaysian Palm Oil Board said Thursday. The country ...

New Zealand Manufacturing Activity Continues to Expand

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's manufacturing activity rose in June, continuing a run of growth that has seen the index in expansionary mode for 21 consecutive months. The BNZ-BusinessNZ seasonally adjusted performance of manufacturing index rose to 53.3 ...

U.K. House Price Growth Slowed in June

TODAY: July 10, 2014 PUB DATE: July 10, 2014

LONDON--U.K. house price growth slowed in June as the London market was less busy and more property was available for sale nationally, a survey showed Thursday. The Royal Institution of Chartered Surveyors" monthly house price balance fell to +53 in ...

China Exports in June up 7.2%; Market Expected 10%

TODAY: July 10, 2014 PUB DATE: July 10, 2014

BEIJING--Exports from China rose 7.2% year over year in June, data from the General Administration of Customs showed Thursday. Growth was slightly faster than May's 7.0% increase but below a median forecast of 10.0% growth in a poll of 21 ...

Fed Sets October End for Bond Buys--2nd Update

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Jon Hilsenrath and Pedro Nicolaci da Costa Federal Reserve officials agreed at June's policy meeting to end their bond-buying program in October, putting an explicit end date on the experiment for the first time and closing a controversial chapter ...

Australia's Unemployment Rate Rises

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By David Rogers SYDNEY--Australia's unemployment rate rose to a higher-than-expected 6% in June from 5.9% in May as more people than anticipated began looking for work. Economists had expected the unemployment rate to stay at 5.9%. The number of people ...

Japan May Core Machinery Orders Fall Sharply

TODAY: July 10, 2014 PUB DATE: July 10, 2014

TOKYO--Japanese core machinery orders dropped sharply for the second straight month in May, the government said on Thursday, showing the cautious stance of companies over the direction of the economy due to the recent sales tax increase and sluggish exports. ...

Lawmakers Disagree on How Long Temporary Highway Fix Should Last

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Siobhan Hughes WASHINGTON--Congress struggled to engineer a plan to inject more money into the fund that covers the federal share of road, bridge and mass-transit spending amid a dispute over whether a temporary fix should extend into next year ...

Emails Point to IRS Officials Using Instant Messages--Update

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By John D. McKinnon WASHINGTON--Lawmakers investigating the Internal Revenue Service's treatment of conservative groups released new emails Wednesday suggesting that top IRS officials communicated through an instant-messaging system that wasn't routinely archived. The revelation adds to lawmakers' concerns about the ...

Asian Shares Calm After Fed Spells Out QE Exit

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Gregor Stuart Hunter Asian stocks markets are holding steady in morning trading after the Federal Reserve signaled the date of its exit from quantitative easing, ahead of a string of economic data due for release across the region. The ...

UK House Price Growth Slowed in June - RICS

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Ilona Billington LONDON--U.K. house price growth slowed in June as the London market was less busy and more property was available for sale nationally, a survey showed Thursday. The Royal Institution of Chartered Surveyors' monthly house price balance fell ...

Malaysia Industrial Output Accelerates in May

TODAY: July 10, 2014 PUB DATE: July 10, 2014

By Jason Ng KUALA LUMPUR--Malaysia's May industrial production index rose 6.0% from a year earlier, thanks to a strong gain in manufacturing output, official data on Thursday showed. A Wall Street Journal poll of 11 economists had predicted a 4.4% ...

Asian Shares Calm After Fed Spells Out QE Exit

TODAY: July 10, 2014 PUB DATE: July 10, 2014

Asian stocks markets are holding steady in morning trading after the Federal Reserve signaled the date of its exit from quantitative easing, ahead of a string of economic data due for release across the region. The Fed's bond-buying program will ...

China's Inflation Slows to 2.3% in June -- Update

TODAY: July 10, 2014 PUB DATE: July 9, 2014

BEIJING--Inflationary pressure in June eased slightly in China, giving policy makers more room to employ targeted fiscal and monetary measures in their bid to prop up economic growth. China's consumer-price index rose 2.3% in June from a year earlier compared ...